Asia
Guangdong Advertising to Inject 2.5 Million Yuan in JV
Guangdong Advertising (SHE:002400) said its board approved a 5 million yuan capital increase in its 50-50 joint venture, Guangdong Guangdaibo Advertising & Marketing.The capital injection will be split equally between the advertising and marketing company and Japan's Hakuhodo, with each contributing 2.5 million yuan, according to a Thursday filing with the Shenzhen bourse.Guangdong Guangdaibo Advertising & Marketing's registered capital will rise to 12 million yuan from 7 million yuan.Shares of Guangdong Advertising closed 2% higher Thursday.
SHE:002400TYO:2433
